WDC vs. FRNW
WDC (Western Digital Corporation) is a stock, while FRNW (Fidelity Clean Energy ETF) is Alternative Energy Equities fund actively managed by Fidelity. Over the past 3 years, WDC returned 164.18%/yr vs 6.70%/yr for FRNW. At a 0.42 correlation, their price movements are largely independent.
Performance
WDC vs. FRNW - Performance Comparison
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Returns By Period
In the year-to-date period, WDC achieves a 227.01% return, which is significantly higher than FRNW's 23.12% return.
WDC
- 1D
- 6.35%
- 1M
- 16.82%
- YTD
- 227.01%
- 6M
- 219.46%
- 1Y
- 913.38%
- 3Y*
- 164.18%
- 5Y*
- 58.50%
- 10Y*
- 33.87%
FRNW
- 1D
- 1.22%
- 1M
- -4.62%
- YTD
- 23.12%
- 6M
- 22.47%
- 1Y
- 62.88%
- 3Y*
- 6.70%
- 5Y*
- —
- 10Y*
- —
WDC vs. FRNW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
WDC Western Digital Corporation | 227.01% | 283.68% | 13.86% | 65.99% | -51.62% | 15.56% |
FRNW Fidelity Clean Energy ETF | 23.12% | 53.20% | -21.11% | -19.64% | -11.46% | -2.52% |
Correlation
The correlation between WDC and FRNW is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2021 | 0.42 |
The correlation between WDC and FRNW has been stable across timeframes, ranging from 0.41 to 0.51 - a consistent structural relationship.
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Return for Risk
WDC vs. FRNW — Risk / Return Rank
WDC
FRNW
WDC vs. FRNW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Digital Corporation (WDC) and Fidelity Clean Energy ETF (FRNW). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| WDC | FRNW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +11.71 | ||
| Sortino ratioReturn per unit of downside risk | +3.92 | ||
| Omega ratioGain probability vs. loss probability | 1.95 | 1.37 | +0.58 |
| Calmar ratioReturn relative to maximum drawdown | 44.74 | 4.48 | +40.26 |
| Martin ratioReturn relative to average drawdown | 151.81 | 15.67 | +136.15 |
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Drawdowns
WDC vs. FRNW - Drawdown Comparison
The maximum WDC drawdown since its inception was -96.20%, which is greater than FRNW's maximum drawdown of -59.37%. Use the drawdown chart below to compare losses from any high point for WDC and FRNW.
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Drawdown Indicators
| WDC | FRNW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.20% | -59.37% | -36.83% |
Max Drawdown (1Y)Largest decline over 1 year | -20.59% | -14.20% | -6.39% |
Max Drawdown (3Y)Largest decline over 3 years | -49.65% | -45.14% | -4.51% |
Max Drawdown (5Y)Largest decline over 5 years | -58.77% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -70.49% | — | — |
Current DrawdownCurrent decline from peak | -5.22% | -11.09% | +5.87% |
Average DrawdownAverage peak-to-trough decline | -52.07% | -33.17% | -18.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.06% | 4.05% | +2.01% |
Volatility
WDC vs. FRNW - Volatility Comparison
Western Digital Corporation (WDC) has a higher volatility of 21.76% compared to Fidelity Clean Energy ETF (FRNW) at 10.63%. This indicates that WDC's price experiences larger fluctuations and is considered to be riskier than FRNW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WDC | FRNW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.76% | 10.63% | +11.13% |
Volatility (6M)Calculated over the trailing 6-month period | 53.55% | 19.61% | +33.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.47% | 26.92% | +38.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.86% | 28.52% | +20.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.62% | 28.52% | +20.10% |
Dividends
WDC vs. FRNW - Dividend Comparison
WDC's dividend yield for the trailing twelve months is around 0.09%, less than FRNW's 1.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRNW Fidelity Clean Energy ETF | 1.02% | 1.25% | 1.43% | 1.30% | 0.69% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WDC Western Digital Corporation | 0.09% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% | 1.81% | 2.36% | 5.41% | 2.51% | 2.94% | 3.33% |
Frequently Asked Questions
WDC and FRNW have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WDC has higher volatility (21.76%) compared to FRNW (10.63%). In terms of maximum drawdown, WDC dropped -96.20% vs FRNW's -59.37%.
WDC currently has the higher Sharpe Ratio (14.07 vs 2.36), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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